Telstra Group Ltd

TLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$3.20	Zzgtzj	Mtsqjpzp

Telstra: Mobile Price Is Right for Now as Focus Back on Costs

Brian Han

May 21, 2024

Shares in Telstra are at an attractive 21% discount to our AUD 4.50 fair value estimate. There is no impact on that intrinsic valuation from the restructure and trading update, with fiscal 2024 earnings guidance reaffirmed and management's fiscal 2025 projections in line with our expectations.

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